Amgen (AMGN) Offering Possible 10.62% Return Over the Next 11 Calendar Days

Amgen's most recent trend suggests a bullish bias. One trading opportunity on Amgen is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 10.62% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $160.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amgen is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amgen is bullish.

The RSI indicator is at 67.03 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Amgen

Amgen Successfully Expands Xgeva Label in the U.S.
Tue, 09 Dec 2014 21:00:01 GMT

Big-Cap Stock Funds Tend To Lag
Tue, 09 Dec 2014 13:02:00 GMT

3:15 am Amgen presents data from pivotal Phase 2 Study Of BLINCYTO Immunotherapy In Patients With Relapsed/Refractory Acute Lymphoblastic Leukemia
Tue, 09 Dec 2014 08:15:00 GMT

Amgen Presents Data From Pivotal Phase 2 Study Of BLINCYTO™ (blinatumomab) Immunotherapy In Patients With Relapsed/Refractory Acute Lymphoblastic Leukemia
Tue, 09 Dec 2014 02:00:00 GMT
PR Newswire – THOUSAND OAKS, Calif., Dec. 8, 2014 /PRNewswire/ — Amgen (NASDAQ: AMGN) today announced that new data from a pivotal Phase 2 study evaluating BLINCYTO ™ (blinatumomab) for the treatment of adult patients …

Amgen Unveils Positive Results from Blood Cancer Studies
Mon, 08 Dec 2014 23:05:02 GMT

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